If you'd like to advertise on this site, please email me to discuss details and rates.

Double or Nothing PokerStars SNG Challenge

Given my propensity for bleeding money in ring games like a stuck-donkey, I thought it best to add a new SNG challenge. This will provide another outlet for me to lose money at a much subdued pace.

For this new challenge, I will take the $61 that I currently have at PokerStars and double it through SNG play. Unlike the previous SNG challenge, this one will involve playing in SNGs at various buy-in levels.

The basic strategy will be as follows:

  • After placing first in an SNG, the next SNG will be played at the next buy-in level.
  • After placing second or third in an SNG, the next SNG will be played at the current buy-in level.
  • After placing out of the money, the next SNG will be played at the previous buy-in level.
  • No SNGs will be played at a level lower than the $5 level.
  • The challenge is completed when my PokerStars bankroll hits $122 or $0.

Seems simple enough, huh? I'm hoping that this will give me the opportunity to spread my wings a bit in the SNG arena without risking too much of my bankroll. The losses at the higher levels will be padded by my wins at the lower levels.

I anticipate that the bulk of my SNG play will be at the $5 buy-in. I will most likely play a few times at the $10 buy-in, although I anticipate these games to be few and far between. And while I think it'd be cool to catch a hot streak and play a $20 or $50 SNG, I think that's just a pipe dream.

At an ROI of about 10% at the $5 SNG limit, this challenge will most likely take upwards of 100 SNGs to complete. And as always, I'm not in a rush here so I'll just sit back and savour the slow grind that is my mediocre poker career.

10 comments:

Nick Christy said...

That sounds like a fun experiment, maybe once I get my bankroll where I want it I will take a portion and try the same! Good luck.

Klopzi said...

I'll tell you - if it weren't for my challenges, I don't know if I'd have recovered from The Great Tilt of '05.

I'll probably start the challenge tonight - we'll see how it goes. I'm anxious to see if I'm being too aggressive with it or not.

However, if I win a $5 SNG, a $10 SNG, and a $20 SNG all in a row, my challenge is done. That would net me $119 and put me well over the $61 I need.

If I did that, I'd be setting the bar pretty high on challenge completion speed...

huma said...

Interesting idea. I've built my Stars bankroll up to around $60 from close to zip by playing the $3+0.40 SNG's. Over the last week I think I've played around 25 with an ITM of around 40% and ROI of 30%.

Are you sure you've got the bankroll to play $5+0.50? Maybe I'll take this challenge as well :)

CDN88008 said...

good luck Klopzi - sounds interesting, got to check out PokerStars too one day ...

Klopzi said...

Huma,

I've definitely got the bankroll for the challenge - although not necessarily at PokerStars.

If I lose the $61, so be it. I'm just hoping to get the chance to play a $10 SNG.

Klopzi said...

Hey cdn88008,

PokerStars is one of the better SNG and tournament sites out there.

And if you're thinking of playing there, why not sign up using my affiliate link? ;)

drewspop said...

Yeah, he will write you up as being cool if you do. Now that is an honor and worth it right there don't you think?

Klopzi said...

Is it still considered an honour if I don't know how to play poker?

Yes. Yes it is...

Hunter said...

have fun going bust, playing with 10 buy ins is a quick way to lose your BR.

Klopzi said...

Hunter -

I'd agree. However, my bankroll wasn't really on the line - only a small portion of it.

And I cleared the challenge too. I seem to recall being a much better SNG player than I am now. Funny how that worked out...